Deutsche Bank reissued their buy rating on shares of Silicon Motion Technology (NASDAQ: SIMO) in a report released on Thursday. Deutsche Bank currently has a $24.00 target price on the stock.
IMO-it is just a run up to earnings release next week but it sure feels good. Hopefully simo's forward guidance beats and we continue the upward momentum we've all been waiting for. With our luck, they beat and raise but the market corrects muting our gains......OOOOPS, can't think like that sorry. GLTA-Wally
Sentiment: Strong Buy
Remember the Board has approved for stock re-purchase? I think the company is buying back some to show that they mean business. I think the CEO will point this out next Tuesday when he makes the conference call.